how singaporeans wasted their hard earned money
in coes which is a piece of paper that lasts for 10 years. in scrapping their almost brand new cars that can last for another 10 or more years. in a subsidised hdb flat that will eventually be valueless. in upgrading their eventually valueless flats by pumping in more money. now you know how singaporeans spent their life savings and ended up as hard up cases. owning a hdb flat is not an investment but an expendable item just like a car. instead of 10 years, it is 99 years. the initial profits due to inflation and speculation will end up as nothing with time. it is not a freehold or 999 year leasehold where the value could stay for a long time and even appreciate more the longer it goes into the future. a 99 year old lease is a depreciating asset, a consumable asset.